Global economy heading toward recession but Saudi Arabia forecast to grow: CEBR report 

 RIYADH: The world is heading towards a recession in 2023 as higher borrowing costs aimed at tackling inflation are set to push a number of economics into contraction, according to the Centre for Economics and Business Research. 

While the global economy surpassed $100 trillion for the first time in 2022, the British consultancy firm noted that the growth is going to stall in 2023, as the world continues its fight against soaring prices.